15th Jul 2025 15:54
15 July 2025
Strategic Minerals plc
("Strategic Minerals" or the "Company")
Result of AGM
Strategic Minerals plc (AIM: SML; USOTC: SMCDY), an international mineral exploration and production company, announces that the Company's Annual General Meeting (the "AGM") was held earlier today. A poll was held on each of the resolutions proposed. All resolutions put to the meeting were duly passed at the AGM and the results of the poll are set out below.
Ordinary Resolution | For | Against | Withheld | |
1. | To receive and adopt the Company's financial statements for the year ended 31 December 2024 | 438,120,703 | 867,703 | 60,600 |
2. | To confirm the re-appointment of Mr Charles Manners as a director | 438,140,703 | 867,703 | 40,600 |
3. | To confirm the re-appointment of Mr Mark Burnett as a director | 438,140,703 | 867,703 | 40,600 |
4. | To confirm the re-appointment of Mr Philip Haydn-Slater as a director | 438,140,703 | 867,703 | 40,600 |
5. | To reappoint Moore Kingston Smith LLP as auditors of the Company and to authorise the directors of the Company to determine their remuneration | 437,870,010 | 1,137,429 | 41,567 |
6. | To authorise the directors to allot shares under section 551 of the Companies Act 2006 up to an aggregate nominal amount of £469,859.59 as described in the Notice of AGM | 437,205,481 | 1,555,316 | 288,209 |
Special Resolution | ||||
7. | To give the directors authority to disapply pre-emption provisions to enable the directors in certain circumstances to allot ordinary shares for cash other than on a pre-emptive basis as described in the Notice of AGM | 437,452,123 | 1,555,316 | 41,567 |
8. | That a general meeting of the Company, other than an annual general meeting, may be called on not less than 14 clear days' notice | 437,686,683 | 1,321,723 | 40,600 |
Notes:
1. The "For" Proxy vote includes those giving the Chair of the AGM discretion
2. A vote "Withheld" is not a vote in law and is not included in the proxy votes "For" or "Against" the resolution
The full text of the resolutions can be found in the Notice of Annual General Meeting, which is available on the Company's website at: https://www.strategicminerals.net/reports-and-circulars
For further information, please contact: |
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Strategic Minerals plc | +44 (0) 207 389 7067 | |
Mark Burnett | ||
Executive Director | ||
Website: | www.strategicminerals.net | |
Email: | ||
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Follow Strategic Minerals on: | ||
X: | @SML_Minerals | |
LinkedIn: | https://www.linkedin.com/company/strategic-minerals-plc | |
SP Angel Corporate Finance LLP |
+44 (0) 20 3470 0470 | |
Nominated Adviser and Broker | ||
Matthew Johnson/Charlie Bouverat/Grant Barker | ||
Zeus Capital Limited | +44 (0) 203 829 5000 | |
Joint Broker | ||
Harry Ansell/Katy Mitchell | ||
Vigo Consulting | +44 (0) 207 390 0234 | |
Investor Relations | ||
Ben Simons/Peter Jacob/Anna Sutton | ||
Email: | ||
Notes to Editors
Strategic Minerals plc (AIM: SML; USOTC: SMCDY) is an AIM-quoted, producing minerals company, actively developing strategic projects in the UK, United States and Australia.
In 2019, the Company completed the 100% acquisition of Cornwall Resources Limited and the Redmoor Tungsten-Tin-Copper Project.
The Redmoor Project is situated within the historically significant Tamar Valley Mining District in Cornwall, United Kingdom, with a JORC (2012) Compliant Inferred Mineral Resource Estimate published 14 February 2019:
Cut-off (SnEq%) | Tonnage (Mt) | WO3 % | Sn % | Cu % | Sn Eq1 % | WO3 Eq % |
>0.45 | 1.50 | 0.18 | 0.21 | 0.30 | 0.58 | 0.41 |
>0.65 | 10.20 | 0.62 | 0.16 | 0.53 | 1.26 | 0.88 |
Total Inferred Resource | 11.70 | 0.56 | 0.16 | 0.50 | 1.17 | 0.82 |
1 Equivalent metal calculation notes; Sn(Eq)% = Sn% x 1 + WO3% x 1.43 + Cu% x 0.40. WO3(EQ)% = Sn% x 0.7 + WO3 + Cu% x 0.28. Commodity price assumptions: WO3 US$ 33,000/t, Sn US$ 22,000/t, Cu US$ 7,000/t. Recovery assumptions: total WO3 recovery 72%, total Sn recovery 68% & total Cu recovery 85% and payability assumptions of 81%, 90% and 90% respectively
More information on Cornwall Resources can be found at: https://www.cornwallresources.com
In September 2011, Strategic Minerals acquired the distribution rights to the Cobre magnetite project in New Mexico, USA, through its wholly owned subsidiary Southern Minerals Group. Cobre has been in production since 2012 and continues to provide a sustainable revenue stream for the Company.
In March 2018, the Company acquired the Leigh Creek Copper Mine situated in the copper rich belt of South Australia. The Company has entered into an exclusive Call Option with Axis Mining & Minerals Pty Ltd to acquire 100% of the project.
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Strategic Minerals